Looking to diversify beyond BKTSX? The mutual funds below have the lowest correlation with BKTSX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BKTSX.
Best Diversifiers for BKTSX
1 mutual funds have low correlation with BKTSX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.03 | 0.09 | 0.14 | 85 | Inflation-Protected Bonds | BKTSX vs VTSPX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.16 | 0.13 | 70 | Large Cap Blend Equities | BKTSX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.36 | 0.42 | 68 | Large Cap Blend Equities | BKTSX vs ORDNX | |
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.64 | 0.72 | 0.80 | 65 | Mid Cap Value Equities | BKTSX vs VMVAX | |
| Rock Oak Core Growth Fund | 0.65 | 0.74 | 0.83 | 63 | Large Cap Blend Equities | BKTSX vs RCKSX |
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